Prices are on the rise......

[Tomster]

Sold for 96k. Not a bad purchase. The knockout bid lost!

Or, maybe, the market is softening quite a bit. Many have predicted. I'm glad I didn't prospect when I made my purchases.

Our old friend rangeraok (who is now no longer a member, and is the newest member of the M6G readers club) has got to be pulling his hair out.

Sponsored

 

[Inthehighdesert]

30% + above original msrp is still a pretty solid market, especially when you consider what’s been going on with interest rates.

Sold for 96k. Not a bad purchase. The knockout bid lost!

 

[Richard Shannon]

Last week I traded 2 2020 GT500s one with 7K Miles, red ($82,000) and a Green one with 10,000 miles ($84,000) for a 2021 CFTP GT500 with 4K miles for $108,000 (Blue)

I just traded a 2017 GT350 red with 10k miles ($52,000) for a 2019 GT350R Blue with 6K Miles for ($72,000).


My refreshed garage:

 

[rush0024]

Or, maybe, the market is softening quite a bit. Many have predicted. I'm glad I didn't prospect when I made my purchases.

Our old friend rangeraok (who is now no longer a member, and is the newest member of the M6G readers club) has got to be pulling his hair out.

The market has softened a little for sure. A lot of R's are not meeting the reserve. But this isn't an exclusive thing either.

The peak market for 2020 R's was in the fall of 2021. A few cars with low mileage sold for 110 - 112k. This all white R just sold for $100,800. So not that far off.

The Heritage R's have taken a little bigger dip. They were once going anywhere from 160 to 180k. Now they are going from 115 to 145k range.

Just wait. If they don't bring back the GT350 for the 7th Gen, and the 8th Gen goes electric, the values on these cars are going to skyrocket.

 

[stanglife]

The market has softened a little for sure. A lot of R's are not meeting the reserve. But this isn't an exclusive thing either.

The peak market for 2020 R's was in the fall of 2021. A few cars with low mileage sold for 100 - 112k. This all white R just sold for $100,800. So not that far off.

The Heritage R's have taken a little bigger dip. They were once going anywhere from 160 to 180k. Now they are going from 115 to 145k range.

Just wait. If they don't bring back the GT350 for the 7th Gen, and the 8th Gen goes electric, the values on these cars are going to skyrocket.

I agree with your IFs - but I think they have time....and as much as it could hurt values on GT350s, I'd love to see the SVT Cobra return.

Unrelated but the new Toyota Tacoma specs are out and it's a combo hybrid turbo i4. I think these types of "performance" hybrids could soften the blow of going electric for a lot of people. I'd be curious to drive a turbo V6 or small displacement V8 Mustang with hybrid assist.

 

[rush0024]

I agree with your IFs - but I think they have time....and as much as it could hurt values on GT350s, I'd love to see the SVT Cobra return.

Unrelated but the new Toyota Tacoma specs are out and it's a combo hybrid turbo i4. I think these types of "performance" hybrids could soften the blow of going electric for a lot of people. I'd be curious to drive a turbo V6 or small displacement V8 Mustang with hybrid assist.

Ford going hybrid for the 8th Gen is a good possibility. But IMO, the only thing that will prevent the 6th Gen GT350R from taking off in value is if they bring out a 7th Gen GT350 or a new FPC engine.

As it stands, I don't think either will happen.

IF the 6th Gen GT350R ends up being the last full ICE Manual NA Shelby, and the only one to ever have a FPC engine, then that's going to be significant.

 

[stanglife]

Ford going hybrid for the 8th Gen is a good possibility. But IMO, the only thing that will prevent the 6th Gen GT350R from taking off in value is if they bring out a 7th Gen GT350 or a new FPC engine.

As it stands, I don't think either will happen.

IF the 6th Gen GT350R ends up being the last full ICE Manual NA Shelby, and the only one to ever have a FPC engine, then that's going to be significant.

Historically significant, yes. I'm not arguing really, because there's nothing I'd like more than to see the values on GT350s go up - but, realistically, as hybrid and full EV continue to roll out and as automakers slowly introduce them to their performance lines - people will be more accepting and interest will build. I wonder if the next generation even wants cars...and then if they do, if they'd prefer the latest ones and not be as hung up on ICE as the traditional enthusiast has been. Just food for thought!

 

[CorralesR]

Used 2020 Ford Mustang Shelby GT350R w/ GT350R Equipment Group 920A for sale in Los Angeles, CA 90045: Coupe Details - 682979413 - Autotrader

This is the guy that bid 95k for the white 20R on BaT. It's another dealer. That's optimistic to pay 95k and then try to flip.

 

[stanglife]

wow

 

[Polski]

wow

Looking for one like this, but not for 99k if possible

 

[MAGS1]

Used 2020 Ford Mustang Shelby GT350R w/ GT350R Equipment Group 920A for sale in Los Angeles, CA 90045: Coupe Details - 682979413 - Autotrader

This is the guy that bid 95k for the white 20R on BaT. It's another dealer. That's optimistic to pay 95k and then try to flip.

There’s a dealer around here that does that too. Diamond Motorworks in Lisle, IL. They have 3 CFTP’s right now, the Grabber Yellow one they’ve been sitting on for a while now. Not sure if they got all of them on auction sites like BaT but some of their inventory does come from BaT as I understand it.

 

[rush0024]

Used 2020 Ford Mustang Shelby GT350R w/ GT350R Equipment Group 920A for sale in Los Angeles, CA 90045: Coupe Details - 682979413 - Autotrader

This is the guy that bid 95k for the white 20R on BaT. It's another dealer. That's optimistic to pay 95k and then try to flip.

Man I love that spec.

Hate to see the dealers buying and flipping these cars. At least with a collector there is a chance they will drive the car some.

With a 95k bid that places the total price to 100k with fees. I don't understand what dealers are trying to accomplish by trying to flip it right away. There is no money to be made at that price. These cars are a great buy and hold ATM.

 

[MAGS1]

The Grabber Yellow CFTP has been price dropped a couple times now. I don’t recall the original list price, I believe close to $130k. Delivery mileage…

https://www.diamondmotorworks.com/p...["make","model","stockno"]&orderby=price,desc

 

[rush0024]

Something to also factor in in regards to 350R total production numbers and future value. It is of some peoples opinion that the total build total of 3,611 is too high and therefore will never be collectable. Here are a couple counters to that.

#1. There are other cars with similar build totals that have become very collectable. 2005 - 06 Ford GT, the 2018 Demon and the 2019 Corvette ZR1 comes to mind recently. So we already know it's possible.

#2. Unlike those cars above, the GT350R has different tiers of value from within. For example, a 2016 GT350R with 500 miles is going for around 75k. A 2020 R in the same spec and miles is going for 25k higher. I expect this trend to continue.

Here are the top 3 tiers currently,
1. 2015 R (37 built)
2. 2020 Heritage R (281 built)
3. 2020 R (422 built, with 4 colors that are one year only)

Eventually the Base R's will be in the mix, so I will add them as well. There was 135 Base R's built. Subtract the 6 made in 2015 and your left with 129 built between 2016 and 2018.

Add all of those up and you get..... 869 cars, which is not a lot. 869 is a more focused number vs 3,611. It's the 869 R's that are going to be the most sought after. The 2016 to 2019 cars will continue to rise in value as well, but the market will be set and reset by the those 869 cars.

 

[Inthehighdesert]

That tells us where at-least that dealer thinks things are. The other 20/350r he has for sale has significantly more miles, and its fair to say the 650ish mile example he just bought is going to be north of $110 I’m guessing. The 20R’s are going to be a very rare year since production was so low and will be highly sought after. What’s so hard for people to get there heads around, me included at times, is how quickly these cars appreciated.

Used 2020 Ford Mustang Shelby GT350R w/ GT350R Equipment Group 920A for sale in Los Angeles, CA 90045: Coupe Details - 682979413 - Autotrader

This is the guy that bid 95k for the white 20R on BaT. It's another dealer. That's optimistic to pay 95k and then try to flip.

Sponsored